Accounting

ACCOUNT FOR əˈkaʊnt fɔr

24 Dec 2018

Phrasal Verb

  • explain.
Example Sentence: She was unable to account for over $5000.
 

RECEIVABLES rɪˈsivəbəls

01 Dec 2018

Noun

  • money that a business expects to receive.
Example Sentence: The company generates roughly $400 million in receivables annually.
 

PROFITABLE prɒfɪtəbəl

29 Nov 2018

Adjective

  • making money or likely to make money in the future.
Example Sentence: The most profitable industries are those that are difficult to enter.
 

OUTLOOK aʊtˌlʊk

26 Nov 2018

Noun

  • how the future looks based on current predictions.
Example Sentence: The outlook for small firms has worsened in recent months.
 

CASHFLOW kæʃ floʊ

06 Nov 2018

Noun

  • the amount of money moving through a company.
Example Sentence: Accountants can advise on systems for managing cashflow.
 

CAPITAL EXPENDITURE kæpɪtl ɪkˈspɛndɪtʃə

05 Nov 2018

Noun

  • the cost of long-term improvements.
Example Sentence: They do not have enough cashflow to cover their capital expenditure.
 

TURN OVER tɜrn oʊvər

28 Oct 2018

Phrase

  • to do business to a certain amount of money/products.
Example Sentence: We turned over most of our stock last month.
 

TURNOVER tɜrnˌoʊvər

27 Oct 2018

Noun

  • the rate at which employees join and leave a company.
Example Sentence: The turnover of workers in the new restaurant business is very high.
 

RED INK rɛd ɪŋk

01 Oct 2018

Phrase

  • debt (the red ink on a financial statement).
Example Sentence: The automobile company has much red ink because of the bad economic conditions.
 

A KICKBACK kɪkˌbæk

16 Sep 2018

Noun

  • an amount of money that is paid illegally for favours.
Example Sentence: The construction company was giving kickbacks to the local politicians.
 

KEEP BOOKS kip bʊks

04 Sep 2018

Phrase

  • to keep records of money that is gained or spent.
Example Sentence: The new sales manager does not know how to keep books and he has made many mistakes.
 

LIQUID ASSETS lɪkwɪd æsɛts

23 Aug 2018

Phrase

  • property or belongings that can easily be converted to cash.
Example Sentence: The company had to sell some of its liquid assets in order to raise cash.
 

IN THE RED  

17 Aug 2018

Phrase

  • to be losing money, to be unprofitable.
Example Sentence: The company has been in the red since the price of oil began to rise rapidly.
 

IN THE BLACK  

15 Aug 2018

Phrase

  • to be successful, to be making money, to be profitable.
Example Sentence: The new company has been in the black for many years now.
 

GO OVER THE BOOKS  

08 Aug 2018

Phrase

  • to check and analyze the accounting records of a company.
Example Sentence: We hired an outside accountant to go over our books.
 
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